Today, the Chinese Ministry of Commerce announced its decision to terminate the ongoing AD/CVD investigation against U.S. sorghum producers. In the announcement, MOFCOM cited the additional expense that tariffs will have on downstream users of sorghum as a feed grain, including aquaculture and swine. As a result, these measures were deemed as not in the public interests and ordered to be terminated immediately.
The announcement of the termination of the sorghum AD/CVD case comes as Chinese Vice Premier Liu He visits Washington, D.C. for discussions with Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross and USTR Ambassador Robert Lighthizer on the broader U.S.-China trade relationship. These discussions are taking place against the backdrop of an ongoing U.S. Section 301 investigation, which could result in a 24 percent tariff on $50 billion of Chinese goods.